This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels.
Below are some instances of options activity happening in the Financials sector:
Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
---|---|---|---|---|---|---|---|---|
C | CALL | SWEEP | BULLISH | 01/05/24 | $54.00 | $27.0K | 34.8K | 10.4K |
AGNC | CALL | TRADE | BEARISH | 03/15/24 | $10.00 | $44.0K | 34.8K | 2.1K |
COIN | CALL | SWEEP | BEARISH | 01/19/24 | $190.00 | $90.0K | 2.7K | 636 |
JPM | PUT | SWEEP | BEARISH | 02/16/24 | $170.00 | $128.0K | 2.7K | 611 |
GS | PUT | SWEEP | BULLISH | 02/16/24 | $385.00 | $30.3K | 221 | 159 |
AFRM | PUT | TRADE | BEARISH | 02/16/24 | $50.00 | $48.0K | 628 | 142 |
COF | PUT | TRADE | BEARISH | 03/15/24 | $140.00 | $74.0K | 143 | 75 |
V | PUT | TRADE | NEUTRAL | 09/20/24 | $220.00 | $26.2K | 75 | 55 |
SQ | CALL | TRADE | NEUTRAL | 01/19/24 | $50.00 | $43.3K | 12.0K | 44 |
SPGI | PUT | SWEEP | BEARISH | 06/20/25 | $350.00 | $55.4K | 0 | 36 |
Explanation
These bullet-by-bullet explanations have been constructed using the accompanying table.
• For C C, we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 500 contract(s) at a $54.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $54.0 per contract. There were 34851 open contracts at this strike prior to today, and today 10415 contract(s) were bought and sold.
• For AGNC AGNC, we notice a call option trade that happens to be bearish, expiring in 70 day(s) on March 15, 2024. This event was a transfer of 2000 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $44.0K, with a price of $22.0 per contract. There were 34832 open contracts at this strike prior to today, and today 2182 contract(s) were bought and sold.
• Regarding COIN COIN, we observe a call option sweep with bearish sentiment. It expires in 14 day(s) on January 19, 2024. Parties traded 500 contract(s) at a $190.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $90.0K, with a price of $180.0 per contract. There were 2722 open contracts at this strike prior to today, and today 636 contract(s) were bought and sold.
• Regarding JPM JPM, we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on February 16, 2024. Parties traded 400 contract(s) at a $170.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $128.0K, with a price of $320.0 per contract. There were 2735 open contracts at this strike prior to today, and today 611 contract(s) were bought and sold.
• Regarding GS GS, we observe a put option sweep with bullish sentiment. It expires in 42 day(s) on February 16, 2024. Parties traded 29 contract(s) at a $385.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.3K, with a price of $1045.0 per contract. There were 221 open contracts at this strike prior to today, and today 159 contract(s) were bought and sold.
• For AFRM AFRM, we notice a put option trade that happens to be bearish, expiring in 42 day(s) on February 16, 2024. This event was a transfer of 50 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $48.0K, with a price of $960.0 per contract. There were 628 open contracts at this strike prior to today, and today 142 contract(s) were bought and sold.
• For COF COF, we notice a put option trade that happens to be bearish, expiring in 70 day(s) on March 15, 2024. This event was a transfer of 70 contract(s) at a $140.00 strike. The total cost received by the writing party (or parties) was $74.0K, with a price of $1058.0 per contract. There were 143 open contracts at this strike prior to today, and today 75 contract(s) were bought and sold.
• For V V, we notice a put option trade that happens to be neutral, expiring in 259 day(s) on September 20, 2024. This event was a transfer of 55 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $26.2K, with a price of $477.0 per contract. There were 75 open contracts at this strike prior to today, and today 55 contract(s) were bought and sold.
• For SQ SQ, we notice a call option trade that happens to be neutral, expiring in 14 day(s) on January 19, 2024. This event was a transfer of 25 contract(s) at a $50.00 strike. The total cost received by the writing party (or parties) was $43.3K, with a price of $1735.0 per contract. There were 12007 open contracts at this strike prior to today, and today 44 contract(s) were bought and sold.
• Regarding SPGI SPGI, we observe a put option sweep with bearish sentiment. It expires in 532 day(s) on June 20, 2025. Parties traded 36 contract(s) at a $350.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $55.4K, with a price of $1540.0 per contract. There were 0 open contracts at this strike prior to today, and today 36 contract(s) were bought and sold.
Options Alert Terminology
- Call Contracts: The right to buy shares as indicated in the contract.
- Put Contracts: The right to sell shares as indicated in the contract.
- Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it.
- Premium/Option Price: The price of the contract.
For more information, visit our Guide to Understanding Options Alerts or read more about unusual options activity.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.